The Paycheck Protection Program has been a complete disaster. Most businesses haven't even been able to apply, let alone receive the funds, the program is already out of money, and Congress sent itself home (the Senate until April 20). No one's paycheck was protected at all.
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Hm I got this information from somebody who applied and was told that from the bank. Will double check.
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It's very confusingly presented. Maybe the bank meant that applications for sole proprietorships and independent contractors aren't being taken until April 10?
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